During the first few years of the Great Depression as people lost their jobs, homes, and farms they began to lay the blame for their poverty on the banks, since they had been irresponsible.
How did the Great Depression affect the American economy? In the United States, where the Depression was generally worst, industrial production between 1929 and 1933 fell by nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent.
